High Voltage: Toyota is testing solar battery tech that can charge EVs on the go
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Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
Toyota is testing new and improved solar cell tech designed to charge EVs while they are parked or driving. Handy.
Sharp has supplied the fun-sized high-efficiency solar battery cells to create an onboard solar battery panel, installed on the roof, hood, rear hatch door, and other parts of a Prius PHV demo car for public road trials later this month:
“In addition to substantially boosting its power generation output, the demo car employs a system that charges the driving battery while the vehicle is parked and also while it’s being driven, a development that is expected to lead to considerable improvements in electric-powered cruising range and fuel efficiency,” Toyota says.
Meanwhile, major carmakers VW and Ford have bolstered their EV collaboration, signing an agreement to share electric and autonomous car technologies, Reuters reports.
India steps up
India, until recently the world’s fastest growing major economy, is the latest global power to back the EV revolution with more than just words.
In its most recent annual budget, India announced income tax rebates of up to ₹1.5 lakh (about $3100) to customers on interest paid on loans to buy EVs.
Lithium–ion cells will also be exempt from customs duty, and solar electric charging infrastructure and lithium storage battery manufacturers will be offered investment linked income tax exemptions and other indirect tax benefits.
It’s not just Indian companies that will benefit — foreign companies that set up manufacturing plants will also receive tax exemptions and benefits.
There’s no lithium chemical conversion capacity in India yet, but there’s talk the government is preparing to woo battery makers as part of a 50GW domestic battery manufacturing plan. @neometalsltd #ASX #ausbiz $NMT https://t.co/KuZmHT350J
— Stockhead (@StockheadAU) June 20, 2019
Of the companies on our list, 55 lost ground, 72 were ahead and 63 were steady this week:
A standout was junior explorer Bryah Resources (ASX:BYH), which made a new manganese discovery, just 5km from its historic Horseshoe South mine in Western Australia.
The discovery at the untouched Cheval prospect sent the Bryah share price up 48 per cent for the week.
Fifteen of 35 rock chip samples recorded grades between 20 and 30 per cent manganese, with the highest returning 41.3 per cent, Bryah says.
The company actually listed as a copper and gold explorer in October 2017 after it was spun out of Australian Vanadium (ASX:AVL), before moving into manganese after uncovering high grades of the steel-making material and battery metal at its Bryah Basin project earlier this year.
US lithium play ioneer (ASX:INR) has commenced crucial pilot plant testing for the Rhyolite Ridge lithium-boron project in Nevada.
The pilot plant in Vancouver, Canada forms a key part of the project’s definitive feasibility study.
The main pilot plant run will process about 28 tonnes of Rhyolite Ridge ore over several weeks.
The finished product will provide lithium and boron products “within defined industry specifications for supply to potential customers as part of ongoing off-take negotiations”, ioneer says.
The company is also hosting potential customers and partners for inspections of the pilot plant while the main run is ongoing.
Northern Cobalt (ASX:N27) is all about magnetite and vanadium these days.
The explorer jumped 21 per cent last week after metallurgical test work from the Snettisham project in Alaska showed potential to produce a high-grade magnetite product with vanadium credits.
A 63 per cent Fe and 0.64 per cent V2O5 concentrate was produced from surface samples, Northern Cobalt says.
An August diamond drilling program will now test the grade and continuity of high-grade mineralisation, and supply samples for further metallurgical test work.
As for beleaguered vanadium plays, dawn approaches:
> #Vanadium #V205 stocks reported by #Chinese major suppliers drop considerably. The market should find it difficult to respond to any increase in demand at current price levels. Next move expected upwards around AUG H2 pic.twitter.com/cGSqbGz3JG
— Mastermines (@VanadiumWorld) July 8, 2019
Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop: